Secure Your Retirement

Diane Omdahl - How Does Medicare Work?


Listen Later

If you don’t have Medicare all figured out, you’re not alone. Medicare is very complicated to understand and even get into.

It is important that you start planning to enroll in Medicare in a timely manner, that is, before turning 65. But it’s not necessary for everyone, some people can completely defer Medicare depending on individual situations.

In this episode of the Secure Your Retirement podcast, Diane Omdahl helps us understand more about Medicare. She is co-founder of 65 Incorporated, a recognized Medicare expert, and entrepreneur. Listen in to learn about Medicare plans, their differences, and the factors to consider before choosing a plan.

In this episode, find out:

  • Diane’s medical and home care background and how it led her to become a Medicare expert.
  • Why you should start planning for Medicare 9 months to a year before turning 65.
  • The Medicare complexities depend on situations and why you should be careful.
  • Open enrollment – the opportunity to change your plan and why you should pay attention.
  • Medicare landscape and the factors to consider when choosing any Medicare part.
  • Understanding the original Medicare and Medicare Advantage rules and differences.
  • The common mistakes people make when choosing a Medicare plan.
  • The role a financial advisor plays in educating their clients about Medicare.

Tweetable Quotes:

  • “Ninety-nine percent of people in a Medicare Advantage plan face prior authorization.”- Diane Omdahl
  • “When it comes to Medicare, the smart person’s the one that realizes she/he needs help.”- Diane Omdahl

Get in Touch with Diane:

  • Website: https://www.65incorporated.com/  

Email: [email protected]

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

...more
View all episodesView all episodes
Download on the App Store

Secure Your RetirementBy Radon Stancil, CFP® & Murs Tariq, CFP®

  • 5
  • 5
  • 5
  • 5
  • 5

5

240 ratings


More shows like Secure Your Retirement

View all
Jill on Money with Jill Schlesinger by Audacy

Jill on Money with Jill Schlesinger

1,946 Listeners

Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

805 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,279 Listeners

Retire Sooner with Wes Moss by Wes Moss

Retire Sooner with Wes Moss

447 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

540 Listeners

Big Picture Retirement® by Devin Carroll, CFP® & John Ross, JD

Big Picture Retirement®

541 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

677 Listeners

Retire With Purpose - The Retirement Podcast by Casey Weade

Retire With Purpose - The Retirement Podcast

583 Listeners

Sound Investing by Paul Merriman

Sound Investing

345 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

823 Listeners

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

575 Listeners

Retirement Planning Education, with Andy Panko by Andy Panko

Retirement Planning Education, with Andy Panko

996 Listeners

Retire With Style by Wade Pfau & Alex Murguia

Retire With Style

185 Listeners

The Great Retirement Debate with Ed Slott & Jeffrey Levine by The Great Retirement Debate with Ed Slott & Jeffrey Levine

The Great Retirement Debate with Ed Slott & Jeffrey Levine

151 Listeners

Retirement Answers by Jacob Duke, CFP®

Retirement Answers

103 Listeners